Ceteris paribus,a decrease in tariffs in both the factor market and the product market will cause
A) An increase in the price level and a decrease in unemployment.
B) An increase in the price level and an increase in unemployment.
C) A decrease in the price level and a decrease in unemployment.
Correct Answer:
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Q72: In 2003,tax rates on dividends and capital
Q73: Investment in human capital
A)Shifts the aggregate supply
Q74: A reduction in tariffs and quotas on
Q75: Tariffs and quotas on imported goods shift
Q76: According to supply-side theory,which of the following
Q78: Supply-side economists favor tax incentives that
A)Encourage saving.
B)Increase
Q79: In 2001 and 2002,the Bush administration _
Q80: What impact do transfer payments have?
A)They reduce
Q81: Supply-side economists try to increase the AS
Q82: The transportation,communications,education,judicial,and other institutional systems that facilitate
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